CBS “60 Minutes” Interviews Texas Rare Earth Resources Advisory Board Member in Rare Earth Story
Former White House staff member and TRER Advisory Board member Dan McGroarty warns of the dangers of Chinese domination of the rare earth market
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Texas Rare Earth Resources Corp. (OTCQX: TRER), an exploration company targeting the heavy rare earths, announced today that Advisory Board member, Mr. Dan McGroarty, was extensively interviewed by CBS “60 Minutes” on Sunday, March 22, in a segment titled: Modern Life’s Devices Under China’s Grip. The story centered on the significance and uses of rare earth elements in modern society and the danger of China’s domination of the industry. A link to the CBS “60 Minutes” story follows: cbsn.ws/1HoZAum
Mr. McGroarty, principal of the non-profit American Resource Policy Network and Adjunct Professor in the Graduate School of Political Management at George Washington University, has served at senior levels in the US government as Special Assistant to the President as a presidential appointee to two Secretaries of Defense.
Anthony Marchese, TRER Chairman, commented: “We were pleased to see that ’60 Minutes,’ the most highly watched televison news show in the United States, extensively utilized a TRER Advisory Board member in helping to educate the public on the potential dangers of relying on China to supply materials which are essential to industry and the national defense. Our board members collectively represent over 130 years of global rare earth industry experience at all points across the supply chain. Consequently, we believe we have the necessary guidance and expertise as we consider development of our Round Top heavy rare earth project, thereby providing a potentially low cost and profitable domestic solution to the issues raised by the ’60 Minutes’ story.”
About Texas Rare Earth Resources Corp.
Texas Rare Earth Resources Corp.’s primary focus is exploring and, if warranted, developing its Round Top rare earth minerals project located in Hudspeth County, Texas, 85 miles east of El Paso. The Company’s common stock trades on the OTCQX U.S. tier under the symbol “TRER.”
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding the potential development of the Round Top project and the Round Top project potentially providing a low cost and profitable domestic solution to the issues surrounding China’s domination of the rare earth industry. When used in this press release, the words “potential,” “indicate,” “expect,” “intend,” “hopes,” “believe,” “may,” “will,” “if, “anticipate,” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, risks related to changes in future operating costs and working capital balance, risks related to mineral estimates, risks related to mining results not matching preliminary tests and risks related to the ability of the company to successfully monetize its non-rare earth resources, as well as those factors discussed under the heading “Risk Factors” in the Company’s latest annual report on Form 10-K, as filed on November 12, 2014, and other documents filed with the U.S. Securities and Exchange Commission. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements.
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